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Property profile & analytics
OFF-MARKET
Estimated value
$4,290,000
Motels
228 Main St Apopka, FL 32703-5184
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US18-2623011
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1988
Total area
26,882 SF
Lot
1.24 ac (54,107 SF)
Zoning code
MU-D
APN
09-21-28-0196-10-070
UPID
US18-2623011
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Regency Inns & Suites Hotel & Motel
-
Days Inn by Wyndham Apopka/Orlando Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.39M
CAP Approach
CAP
$3.18M
Comparable Approach
Comparable
$4.98M
Blend (final)
Blend
$4.29M
Owner & transaction history
Sai Krishna Hospitality LLC · 5 yrs held
Sai Krishna Hospitality LLC
since 2021
Last sale
$3.4M
6 recorded transactions
Zoning & alternative use
MU-D · Apopka, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Apopka submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Apopka submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,830,000
ML approach
$4,385,000
CAP Approach
CAP Return
Estimation
6%
$3,450,000
6.5%
$3,180,000
7%
$2,955,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,980,000
Current use
Blend value · Realmo final
$4.29M
Range $3.86M – $4.72M · ±10% · vs last sale $3.38M (Apr 21 2021)
Last sale anchor
$3.38M
Apr 21 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$160 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$45,109
Tax year 2023
Assessed value
$2,866,719
Assessed 2023
Previous assessed
$2,642,557
+8.5% YoY
Effective rate
1.57%
On assessed value
Assessed land
$619,500
Assessed improvement
$2,247,219
Land market value
$619,500
Improvement market value
$2,247,219
Total market value
$2,866,719
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Motels
Use group
MOTEL
Status
Off-Market
Year built
1988
Heating
FORCED AIR
Cooling
AC.PACKAGE
Stories
2
Rooms
60
Total area
26,882 SF
Lot
1.24 ac (54,107 SF)
Zoning code
MU-D
APN
09-21-28-0196-10-070
UPID
US18-2623011
Jurisdiction
ORANGE
Zoning & alternative use
MU-D · Apopka, FL
Zoning MU-D · permitted uses
MU-D · Apopka, FL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Apopka. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$7.0M
HOTEL/MOTEL Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
60
Lot
1.24 ac
Current owner
From public records · entity-resolved
Sai Krishna Hospitality LLC
Entity
Mailing address
4240 GLENMOOR RD NW, CANTON, OH 44718-2256
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2021
$3,375,000
Sai Krishna Hospitality LLC
Sharva Apopka LLC
Special Warranty Deed
$2,375,000 · Ohm Bradenton Lodging Group LLC
Jun 19, 2019
$2,000,000
Sharva Apopka LLC
Pinto Hospitality Holdings INC
Warranty Deed
$1,000,000 · Bank Of The Ozarks
Feb 9, 2005
$1,900,000
Pinto Hospitality Holdings INC
Khushal Enterprises INC
Warranty Deed
$1,100,000 · Fidelity Bank Of Florida NA
Feb 6, 1998
$1,100,000
Khushal Enterprises INC
Regarde Hotels INC
Grant Deed
$1,210,000 · Money Store Investment Corp
—
—
Khushal Enterpirses INC
—
Deed Of Trust
related
$300,000 · Brentwood Bank California
—
—
Khushal Ents INC
—
Deed Of Trust
related
$70,000 · Sunil M Shastri
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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